A tax professional will help ensure you get all of the deductions you deserve and avoid writing off expenses you can’t actually claim. “If you’re new to the business you’re doing, you’re not going to know all of the nuances,” Nisall said. You don’t want to end up accidentall...
If you are going into a branch to open your account, bring two pieces of identification with you, just in case. For individuals who don’t have two pieces of government-issued ID, another banking card or credit card with your name on it can do the trick. Recent tax assessments or gover...
Maybe you’re facing a thin wallet this Friday night and you need to cut your entertainment expenses. Maybe you’re saving up for a down payment on a house. Or, maybe you just need some staycation ideas to fill the kids’ summer or winter school breaks. Whatever your situation, here ar...
low price of $5,836 a year (books, room, board, and other expenses not included). Business just wants to let you have your little fantasy of being a cut above the X-Ray Technician who does the same, repetitive thing all day working with a big flat screen and data that goes ...
Making an extra credit card or loan payment to drive expensive balances down may not be exciting, but it will help you pay less in interest over time. “Another smart move is putting some money toward your emergency fund, which ideally covers three to six months of expenses,” Olivie...
15. Pay Your Bills on Time When you’re deep in debt and struggling to get out, it’s so easy to fall into a habit of making payments when you can rather than when they are due. It's better late than never, but late fees – such as those for credit cards, mortgages, ca...
Try to reduce your taxable income as much as possible. This can be really worthwhile. For example, deduct your actual travel expenses. Or if you can’t make it home at lunchtime and therefore have to eat out, you can also specify the cost incurred in your tax return. ...
Using your tax refund to pay off debt might be challenging at first (especially if you have a big refund), but it will be a great move in the long run. A couple of years ago, I used my refund to pay off a small loan. Sometimes you have to do different things to get rid of ...
business expenses on a business credit card could make things easier during tax season and for general record-keeping. Depending on the card, you may also be able to link your quarterly expense reports to certain accounting software so you can track your spending and be prepared for tax season...
Unlike employees, freelancers don’t have taxes withheld from their income automatically. If you expect to owe $1,000 or more in US taxes, the IRS wants you to make estimated quarterly tax payments. Failure to pay on time can result in penalties and interest charges. ...